Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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4,249 works (including 483 books, 3,406 articles and 357 historical documents), 150 years of economic thought. Each one summarized and searchable.

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4,249–4,249 of 4,249 matches · 4,249 works total (including 483 books, 3,406 articles and 357 historical documents)Page 355 of 355; every summary opens into its work.
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    Zur neueren geldtheoretischen Literatur I

    Zur neueren geldtheoretischen Literatur I

    Emil Lederer · 4 sections

    A state can define a monetary unit, but can it explain what that unit will buy? In this review of Kurt Singer’s Das Geld als Zeichen, Emil Lederer presses the gap between money’s legal validity and its purchasing power. He credits Singer’s insights into credit creation and economic fluctuations while questioning whether central-bank management can secure stability without a fuller account of the economy. The same demand for concrete explanation shapes his criticism of Singer’s cultural history: medieval debasement and postwar currency collapse require analysis of fiscal pressures and exchange relationships, not merely the invocation of an epoch’s spirit. The review offers a pointed distinction between recognizing that money is historically conditioned and explaining how particular economic conditions sustain—or undermine—it.

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